I'll turn 30 in a little over a month (single, no dependents), plan to start grad school (in journalism) this June for about a year, and know I'll need to roll over my 401(k) (a fed. govt. TSP) which has about 50K in it. Any advice on what kind of IRA I should roll it over into?

Also I'm wondering whether I should convert it into a Roth. Any conversion fees would need to come out of the 401(k) amount because I want to preserve the emergency fund I have. Don't know if it would be better to keep the 50 K un-Rothed for the year, and then start a new separate Roth account later (wish I'd done that earlier), and then have the 50 K roll back into an employer's 401(k) (is that how it works?) at some point.

Any advice on any of this would be GREATLY appreciated!!! Thanks!

Pach25